#Bitcoin BTC Daily Trading Signals: 29 October Published 3 weeks ago on October 29, 2018 By Azeez Mustapha Share Tweet Dominant bias for Bitcoin (BTC) –Bearish Resistance Levels- $6800, $6900, $7000 Support Level-$6000, $5900. $5800 BTC is in a bearish trend as denoted by the descending channel. The bears continued push of the cryptocurrency to lower lows that are characteristics of a down trending market is an indication of strong bearish pressure. After making a touch at $6597.40 at the upper line of the channel on 26th October, BTCUSD was down to the lower line of the channel due to the bears’ pressure. $6451.00 at the support area was attained before the end of the session on 28th October as the bears briefly lost momentum. The bulls returned at the support area which was also the lower line of the channel was much expected. The cryptocurrency rose to $6502.00 before the end of yesterday session. The 4-hour opening candle at $6490.20 was bullish and it sustained the bullish momentum of yesterday with BTCUSD up at $6512.00 in the resistance area earlier today. Price is above the 10-EMA and the stochastic oscillator is at 39% but its signal points up. This suggests a possibility of an upward movement in the cryptocurrency price which may take BTC to the upper line of the channel before likely strong bears return that will result in a new lower low before the end of the day. 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Lets prepare for Bitcoin Cash Hard Fork Economists: Huge Cryptocurrency Boom Predicted, US Dollar likely to fall sharply in 2020 Can Bitcoin Hit $90,000 Within Five Years? 2 Comments 2 Comments Pingback: BTC Daily Trading Signals: 29 October – The Coinage Times Pingback: BTC Daily Trading Signals: 29 October - Satoshiuncle Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Bitcoin Bitcoin is Halal? Will crypto rise with mass Muslim adoption? Published 5 hours ago on November 18, 2018 By Layla Harding Erol Yarar, the chairman of the international business forum has suggested all Islamic nations to adopt the cryptocurrency system for transactions with each other rather than adopting the US Dollar as according to him the US Dollar is used as a weapon by the United States to wreak economic havoc. Calling US Dollar a ‘Punishing Tool’ Yarar expressed his concerns by stating that the US dollar is used by the United States Government to punish a specific country that the United States is not willing to be in peace with. He also stated that the United States Government uses the US Dollar to lower down the money transactions, for imposing sanctions and for making nations bowing down in front of the United States. Yarar said that the US Dollar is not just a common currency but also a sanctioning tool. Also saying that at the International Business Forum this year, they will discuss the term monetary pluralism for implementing a democratic trading environment and the top features to be discussed at the next International Business Forum meeting would be the usage of Blockchain Technology and Cryptocurrency for the financial sector in the Muslim countries especially the middle east. Yarar said: “We will make a cryptocurrency system, that will be used for international trade among Islamic countries, a current issue.” Bitcoin Halal? Many Islamic Scholars are discussing the real nature of cryptocurrencies with some of them calling it a ‘HARAM SYSTEM’ or ‘ILLEGAL SYSTEM’ while others calling it a ‘HALAL SYSTEM’ or ‘LEGAL SYSTEM’ according to the Islamic principals with some Mosques such as the Shacklewell Lane Mosque in London have also started to accept cryptocurrencies as donations. What do you think about bitcoin and other cryptocurrencies being termed as Halal? Tell us in the comments section below. Continue Reading #Bitcoin Bitcoin ETF: Worlds first Cryptocurrency ETF approved Published 16 hours ago on November 17, 2018 By Nadja Eriksson The world’s first Cryptocurrency ETF has been approved by the Switzerland authorities which will start trading on SIX, the 4th largest exchange in whole Europe which has a market capitalization of over $1.6 trillion. ETF offered by Amun AG Amun AG, a cryptocurrency startup is offering the fund that will allow the institutional investors to invest in the major cryptocurrencies such as bitcoin, ethereum, ripple, litecoin, and bitcoin cash. Hany Rashwan, the CEO and Co-founder of the company said that the following ETP will provide an opportunity to the institutional investors that are restricted to investing in just securities and also give the same opportunity to retail investors that are unable to access cryptocurrency exchanges to due regulatory pressure. The CEO also said that before choosing Switzerland, the company had explored 23 other destinations around the world but found Swiss the most suitable. The ETF will allow investors in buying the market and investing in crypto market as a whole. When investors will be investing in a fund, an amount equal to their purchase value will be held on their behalf by the custodian. Continue Reading #Bitcoin Bitcoin Cash BCH Hash Wars: Who is winning? Published 1 day ago on November 17, 2018 By Janet F. Sanchez The Bitcoin Cash hash war is still on with close to 300 blocks mined on the BCHABC side using the new ruleset, which has also given the BCH network the most accumulated proof of work. Cryptocompare has given the BCH ticker to BCHABC chain followed by Bittrex also appointing the ABC chain with the BCH ticker. The ABC chain has gained more support and also mined more blocks since the split of the BCH chain into BCHABC and BCHSV. The SV chain has performed less work till now. Faketoshi “Satoshi’s Shotgun” Craig Wright had earlier threatened that he will destroy the BCH ABC chain by mining empty blocks using his huge hash power, which is being called “Satoshi’s Shotgun”. BCH ABC has apparently survived the Shotgun. Peter Rizun from Bitcoin Unlimited said: “The difference in network effect stark: BSV has few users, no OSX or Windows clients, no block explorer, perhaps one mobile wallet, and a shotgun that doesn’t shoot so straight,” According to cash.coin.dance, BCH ABC is currently 51.9% ahead on proof of work and is 15 blocks ahead, meaning miners will to secure the BCH ABC side and that exchanges ca resume deposits and get everything back to normal. Many supports believe that the ABC side has already won the battle. Bittrex has listed the ABC chain as BCH and the SV chain as BSV. While many BCH supports are claiming that the war is over and the ABC side is close to winning it, SV supporters still believe that the hash war will continue for weeks and Craig Wright continues to claim that he will destroy the ABC chain by mining empty blocks. What do you think about the hash war? Comment below Continue Reading Advertisement Advertisement Latest Crypto News #Bitcoin5 hours ago Bitcoin is Halal? 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